Hold Reliance Industries: Parag Doctor

Parag Doctor, Head, Trading Strategies of Keynote Capital's told CNBC-TV18, "Reliance Industries is looking very good and the charts are on a good wicket and it has been in a steady uptrend. The immediate support for the stock is around Rs 850 to Rs 860 mark. We advice keeping a trailing stop loss somewhere around the Rs 860 levels. On the upside Rs 900 is one physiological resistance so it should probably halt there in the immediate term."

"But we feel the way the longer term chart picture is possible and Reliance Industries is heading to around the Rs 950 levels or so. One can hold on with the Rs 850-Rs 860 levels as a stop and in fact if dips are there to that level even it would be a good idea to add to the holdings," he said. Also Read: Kotak ups RIL target price on weak rupee, higher gas prices